XML 28 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Concentration of Risk
3 Months Ended
Mar. 31, 2018
Risks and Uncertainties [Abstract]  
Concentration of Risk
CONCENTRATION OF RISK
Major operator concentrations – As of March 31, 2018, Ensign leased 92 skilled nursing, assisted living and independent living facilities which had a total of 9,745 operational beds and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington. The four states in which Ensign leases the highest concentration of properties are California, Texas, Utah and Arizona. As of March 31, 2018, Ensign represents $57.7 million, or 42%, of the Company’s revenues, exclusive of tenant reimbursements, on an annualized run-rate basis.
Ensign is subject to the registration and reporting requirements of the SEC and is required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Ensign’s financial statements, as filed with the SEC, can be found at Ensign’s website http://www.ensigngroup.net.